Managing a trucking company requires a great deal of time, effort and knowledge. As a manager, you must be on top off all aspects of the company for it to succeed. This includes managing the vehicles in your fleet as well as the drivers and ongoing costs such as fuel and insurance. It is essential … Read moreOverview of Fleet Management
Technology is moving at a rapid pace, and the days of companies keeping records on paper only are gone. Trucking is highly regulated, so having the necessary paperwork in order at all times is one of the most important aspects of business for trucking companies. Companies should use software programs for fleet management, invoicing, dispatch … Read moreWhat Types of Software do Trucking Companies Need?
Many owner operators who have leased their trucks go through the company they have leased their truck with for their trucking insurance, but they often find that securing their own insurance policies is less expensive in the long run. There are other advantages to securing your own financing. One is that you know exactly what … Read moreWhat Types of Trucking Insurance are Available to Leased Owner-operators?
Most owner-operators understand the importance of having business insurance to protect their company. You never know what will happen when you’re out on the road, so having trucking insurance is essential to keep your business protected and legal. Along with the insurance required by law, an owner operator may choose optional insurance coverage for additional … Read moreWhat Types of Insurance Does an Owner-Operators Need to Protect Their Business?
Cost per mile is one of the most important calculations that owners of trucking companies make. Most loads pay by the mile and it is impossible to know if you’re making money on a run unless you have figured all of your expenses on a per-mile basis. Some of these expenses are easy to figure … Read moreHow can Trucking Companies Determine Cost Per Mile?
In 1967 Otis Redding wrote a song popularized by Aretha Franklin. The takeaway line from the song which is titled “Respect” is where Ms. Franklin spells out the word respect. “What you want, baby, is what I got. R.E.S.P.E.C.T.” The biggest issue for truck drivers today is the fact that they are an invisible workforce. … Read moreRESPECT. The answer to the challenge for trucking companies.
The down economy is hurting almost every business in the United States and trucking companies are particularly affected because of high fuel and insurance prices. Freight factoring is one of the ways that trucking companies solve the problem of not having a consistent cash flow. What is Factoring? A factoring company is a financial business … Read morePros and Cons of Freight Factoring for Trucking Companies
A friend of mine was diagnosed with “trucker’s disease” by a surgeon. The diagnosis came about one year and three operations before his lower leg was amputated just below the knee. What was the “disease”? Blood clots in the back of his leg caused by sitting 11 to 14 hours per day had cut off … Read moreShould Truck Drivers be Concerned of Health and Fitness?
There are usually two tried and true methods of improving your financial position: cutting expenses and increasing revenue. Equipment, labor and general business practices all need to be evaluated. Whether you own just one truck or a small fleet of ten to 25, everything needs to be examined. There is a great book titled “Sacred … Read moreStrategies for Trucking Companies to Survive the Current Economy.
Becoming an owner-operator is a dream for many company truck drivers, but the process can seem daunting if you’ve never been self-employed before. Buying a truck and maybe a trailer is an important part of the process, but it is also one of the easiest. You have to fill out paperwork to make your company … Read moreWhat it takes for Company Drivers to Become Owner-Operators?